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CapitalMark bank offices convert to Pinnacle name this weekend

Pinnacle Bank CEO M. Terry Turner, left, and Capital Bank CEO R. Craig Holley talk on April 8, 2015, about the merger of the two entities in the executive offices at 801 Broad St.
Pinnacle Bank CEO M. Terry Turner, left, and Capital Bank CEO R. Craig Holley talk on April 8, 2015, about the merger of the two entities in the executive offices at 801 Broad St. Pinnacle Bank CEO M. Terry Turner, left, and Capital Bank CEO R. Craig Holley talk on April 8, 2015, about the merger of the two entities in the executive offices at 801 Broad St.

By Dave Flessner 2 min read

Chattanooga’s fastest growing bank will get a new name this weekend.

CapitalMark Bank, which opened nine years ago this month in Chattanooga and quickly grew to nearly $1 billion in assets with only four offices, is taking on the name of its new owner over the weekend.

Pinnacle Financial Partners, Inc., the parent company of Pinnacle Bank in Nashville which bought CapitalMark last year, will install the Pinnacle name this weekend on CapitalMark branches in Chattanooga, Cleveland and Oak Ridge, Tenn.

A CapitalMark office in Knoxville is closing since Pinnacle already operated six other offices in the Knoxville area.

Pinnacle paid about $200 million in cash and stock last year to buy CapitalMark. The conversion of the CapitalMark operating systems, procedures and staffing to the Pinnacle system should be completed this weekend.